Friends of the Norwalk River Valley Trail Inc

EIN: 451496672 501(c)(3) Environment

Georgetown, CT

Total Revenue
$279,096
Total Expenses
$339,770
Total Assets
$531,113
Net Assets
$531,113
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2011
Legal Domicile
CT
Principal Officer
Brian Truskowski
Phone
2039384020
Tax Period
2023-07-01 to 2024-06-30

Friends of the Norwalk River Valley Trail Inc, founded in 2011, is a small nonprofit in the Environment sector that reported $279K in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year. Expenses of $340K exceeded revenue, resulting in a 22% operating deficit.

Mission

SUPPORT THE IMPLEMENTATION OF A MULTI-USE TRAIL THROUGH THE FIVE-TOWN NORWALK RIVER VALLEY CORRIDOR

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $277,427
Program Service Revenue $0
Investment Income $1,669
Other Revenue $0
TOTAL REVENUE $279,096

Expense Breakdown

Grants Paid $0
Salaries & Benefits $93,303
Fundraising Expenses $79,069
Program Expenses $171,699
Other Expenses $246,467
TOTAL EXPENSES $339,770

Year-over-Year Comparison

2023 2022 Change
Revenue $279,096 $302,222 -0.1%
Expenses $339,770 $266,867 +0.3%
Net Income $-60,674 $35,355 -2.7%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
15
Independent Members
15
Employees
1
Volunteers
50

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$87,600
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Andrea Gartner Executive Director 40.0
Officer
$87,600 $0 $87,600
John Charles Taney III PRESIDENT 10.0
Officer Director
$0 $0 $0
JAMES CARTER VICE PRESIDENT & DIRECTOR 2.0
Officer Director
$0 $0 $0
Brian Truskowski TREASURER & DIRECTOR 10.0
Officer Director
$0 $0 $0
Luke Garvey Director 2.0
Director
$0 $0 $0
Helen Rendell-Baker DIRECTOR 2.0
Director
$0 $0 $0
Nancy Rosett DIRECTOR 2.0
Director
$0 $0 $0
John Hall Director 2.0
Director
$0 $0 $0
Luis Estrella Director 2.0
Director
$0 $0 $0
Kate Throckmorton Director 2.0
Director
$0 $0 $0
Elaine Mintz Director 2.0
Director
$0 $0 $0
Joseph Lyons Director 2.0
Director
$0 $0 $0
Jason Howard Director 2.0
Director
$0 $0 $0
Jim DeLalla Director 2.0
Director
$0 $0 $0
Emily Burnaman Director 2.0
Director
$0 $0 $0
Michael Yeosock Director 2.0
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $279,096 $339,770 $531,113 $-60,674
2023 $302,222 $266,867 $591,787 $35,355
2022 $322,921 $621,802 $557,877 $-298,881
2021 $624,585 $200,108 $855,808 $424,477
2020 $212,903 $104,740 $430,838 $108,163
2019 $197,817 $125,741 $318,632 $72,076
2018 $226,753 $264,527 $246,556 $-37,774
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